Latest Business News
Nvidia Gets U.S. Approval to Sell AI Chips in China
President Trump has approved Nvidia's sale of its H200 AI computer chips to approved customers in China, marking a breakthrough in U.S.-China tech trade relations and opening a multibillion-dollar opportunity for Nvidia. This move is expected to accelerate China's AI infrastructure development and competitiveness in AI models.
Paramount Makes Hostile Bid for Warner Bros. Discovery Amid Netflix Competition
Paramount Skydance launched a hostile takeover bid for Warner Bros. Discovery, offering $30 per share in cash, aiming to outbid Netflixâs competing acquisition offer. Warner Bros. Discovery's stock rose 4.4%, while Netflix shares dropped 3.4%. The deal faces potential U.S. regulatory scrutiny over industry concentration concerns voiced by President Trump.
Asian Markets Slip as Wall Street Pulls Back from Record Highs
After record-setting highs, Wall Street indexes pulled back, leading to mixed European markets and declines across most Asian shares. The Dow fell 0.4%, Nasdaq edged down 0.1%, reflecting investor caution amid inflation concerns and economic uncertainty.
China's Trade Surplus Surpasses $1 Trillion Despite U.S. Tariffs
China's Premier Li Qiang highlighted the severe economic damage caused by increased tariffs, particularly from the U.S., even as China's trade surplus topped $1 trillion for 2025. Rising exports to global markets offset diminished U.S. trade, with China focusing on domestic demand and technological innovation for economic resilience.
World Bank Highlights AI in Enhancing Financial Inclusion Globally
The World Bankâs Global Findex report shows 1.4 billion adults remain unbanked. In Latin America, AI-driven fintechs like Nubank and KonfĂo use alternative data to extend credit to millions previously excluded, signaling a new era of AI-powered financial inclusion that emphasizes personalized, empathetic service models.
Reserve Bank of Australia Holds Interest Rates Steady
The Reserve Bank of Australia announced no change to interest rates amid cautious economic conditions. The bank's briefing emphasized balancing inflation control with support for economic growth, reflecting broader uncertainty in global financial markets.
China Politburo Prioritizes Boosting Domestic Demand
China's Politburo declared enhancing domestic consumption a top economic goal to reduce reliance on exports and increase economic self-sufficiency. This policy shift aligns with China's long-term strategy to sustain growth amid global trade tensions.
Hong Kong Sets Record with $113 Million Duplex Apartment Sale
A luxury duplex apartment in Hong Kong sold for a record $113 million, illustrating high-end real estate demand in the Asia-Pacific region despite broader market fluctuations. Experts see sustained interest from regional and international buyers.
Japan Expands âMissile Archipelagoâ Near Taiwan Amid Regional Tensions
Japan is reinforcing its defense posture by advancing missile deployment in island chains near Taiwan, reflecting increased security concerns in East Asia, which may have broader implications for regional stability and economic ties.
India Recommends Discretion for Citizens Visiting China Amid Caution
India advised its citizens to exercise discretion when traveling to China, amid cautious diplomatic relations. This advisory aligns with ongoing geopolitical complexities influencing trade and economic interactions between the two countries.